SOLUTION: you deposit 30,000 into a fund that pays 7.25% interest, compounded continuously. when will the fund be greater than 100,000

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Question 860642: you deposit 30,000 into a fund that pays 7.25% interest, compounded continuously. when will the fund be greater than 100,000
Answer by Alan3354(69443) About Me  (Show Source):
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you deposit 30,000 into a fund that pays 7.25% interest, compounded continuously. when will the fund be greater than 100,000
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100000+=+30000%2Ae%5E%280.0725t%29
e%5E%280.0725t%29+=+10%2F3
0.0725t = ln(10/3)
t = ln(10/3)/0.0725
t > 16.606522 years